Noodles & Co (NDLS) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Noodles & Co (NASDAQ:NDLS) released its earnings results on Thursday. The restaurant operator reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02, Morningstar.com reports. Noodles & Co had a positive return on equity of 3.74% and a negative net margin of 1.47%. The firm had revenue of $110.05 million for the quarter, compared to analyst estimates of $108.93 million. Noodles & Co updated its FY 2019 guidance to $0.08-0.16 EPS.

Shares of NASDAQ NDLS traded up $0.88 during mid-day trading on Friday, reaching $8.54. 1,121,957 shares of the company’s stock were exchanged, compared to its average volume of 372,024. The firm has a market cap of $336.53 million, a P/E ratio of 427.00, a P/E/G ratio of 7.50 and a beta of 0.06. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.70 and a quick ratio of 0.41. Noodles & Co has a twelve month low of $5.85 and a twelve month high of $13.50.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in shares of Noodles & Co during the first quarter worth about $36,000. Rhumbline Advisers raised its position in shares of Noodles & Co by 55.8% during the fourth quarter. Rhumbline Advisers now owns 17,071 shares of the restaurant operator’s stock worth $119,000 after purchasing an additional 6,115 shares during the period. Macquarie Group Ltd. raised its position in shares of Noodles & Co by 560.3% during the fourth quarter. Macquarie Group Ltd. now owns 7,857 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 6,667 shares during the period. Geode Capital Management LLC raised its position in shares of Noodles & Co by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 342,158 shares of the restaurant operator’s stock worth $2,391,000 after purchasing an additional 6,676 shares during the period. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of Noodles & Co during the fourth quarter worth about $48,000. 65.48% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Noodles & Co from a “strong sell” rating to a “hold” rating in a research note on Saturday. BidaskClub raised Noodles & Co from a “hold” rating to a “buy” rating in a research note on Wednesday. SunTrust Banks cut their target price on Noodles & Co to $13.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Finally, Jefferies Financial Group raised Noodles & Co from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Friday, February 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $10.50.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by WKRB News and is the sole property of of WKRB News. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://www.wkrb13.com/2019/05/12/noodles-co-ndls-posts-quarterly-earnings-results-beats-estimates-by-0-02-eps.html.

About Noodles & Co

Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.

Featured Article: Analyst Ratings Trading

Earnings History for Noodles & Co (NASDAQ:NDLS)

Receive News & Ratings for Noodles & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noodles & Co and related companies with MarketBeat.com's FREE daily email newsletter.